Strip Tinning (LON:STG) Trading Up 15.7% – Time to Buy?

Strip Tinning Holdings plc (LON:STG) traded up 15.7% during trading on Tuesday . The stock traded as high as GBX 35 and last traded at GBX 35. Approximately 24,249 shares were traded during trading, an increase of 5% from the average daily volume of 23,010 shares. The stock had previously closed at GBX 30.25.

Strip Tinning Price Performance

The business has a 50-day moving average price of GBX 23.60 and a two-hundred day moving average price of GBX 21.45. The company has a quick ratio of 2.33, a current ratio of 1.02 and a debt-to-equity ratio of 2,624.60. The company has a market capitalization of £5.52 million, a price-to-earnings ratio of -2.61 and a beta of 0.44.

Strip Tinning Company Profile

With more than 60 years of experience, Strip Tinning Automotive is a leading manufacturer of flexible printed circuit connectors, flat foil & cable connectors, and electrical busbar & wire elements, for automotive heating and lighting applications.

We are proud suppliers to the world’s leading glazing manufacturers, these include, AGC, Carlex, Fuyao, NSG, PGW, Saint Gobain Sekurit, and Sisecam.

A large portfolio of components supplied by Strip Tinning Automotive are assembled by the glazing manufacturers and subsequently supplied to the world’s leading OEM’s, including, Audi, BMW, Dacia, Ford, General Motors, Jaguar, Mercedes Benz, Mitsubishi, Nissan, Opel, Peugeot, Porsche, Skoda, Volvo and VW.